The Legacy of Stephen Murray

Stephen Murray is dead at the age of 52. He recently resigned as the CEO of CCMP Capital Advisors, due to health reasons. The date of his death was March 12, which was confirmed by Alexandra LaManna, spokesperson for the company, which is based out of New York. Additional details were not released about the circumstances surrounding his passing away.

Murray helped found CCMP, which began as part of JPMorgan Chase & Co. The company was founded in 2006 in an attempt to prevent potential issues with a conflict of interest with current clients of the bank.

CCMP focuses on mid-market buyouts that are leveraged and have potential for equity growth. These investments were raised to the tune of $3.6 billion last year.

Normally, CCMP will invest anywhere from $100 million to $500 million in equity for each transaction. That figure is according the the CCMP website. Their customers tend to be consumer, health care, energy, and industrial. Certain notable investments include Quiznos, Cabela’s, and Chilcott.

Murray grew up in New York City, in a suburb called Westchester County, as reported by Institutional Investor magazine. He received a BA (Bachelor of the Arts) degree from Boston College and his MBA (Master of Business Administration) from the renowned Columbia University located in New York.

Stephen Murray has quite a unique and interesting story from there. He was hired in 1984 as a credit trainee. The company was Hanover Trust, located in New York. They specialized in manufacturing. Eventually, he worked his way up to becoming the VP (Vice President) of middle-market operations, mostly lending. Learn more about Stephen Murray CCMP Capital:

He then later joined an arm of the private equity department with Manufacturers Hanover. This was the beginning of what would become CCMP. It took three different mergers, but the company finally became part of JPMorgan in the start of the millennium, in year 2000.

The company made Murray the head of the buyout branch in 2005. JPMorgan Partners (which was the father of CCMP) was known in the industry for investing beside private equity clients in middle-market deals. The bank eventually let go of the business when it was outbid by Blackstone Group.

Apparently, the new company warned its former owner of competing against it in the future. Murray would continue to run it, until his passing. He is now survived by his wife Tami Murray, and four of their sons. They lived in Stamford, Connecticut, as noted in numerous public records.

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Stephen P. Murray – President @ CCMP Capital Advisors